In times gone by, the high street played a central role in the employment and social opportunities for the majority of British people. Teenagers spent most of their free time and money wandering in and out of shops, while for many people the first stop for a job would be in a local retailer’s on the high street. Unfortunately, times... Read More
International demand for central London offices helped to bring £14 billion in investment into the city in 2012, which brought the market back to its pre-2008 activity level. Two-thirds of this figure came from foreign investors and drove last year's sales figures to their third-highest level on record, according to CBRE. Sir Norman... Read More
Commercial property deals in the Manhattan area of New York broke a five year record after over 1,000 transactions were made in 2012. The last record dated back to 2007 which saw 999 properties exchanging hands. But 2012 smashed that out of the water with 1,148 transactions. The main transactions were on the east side around 96th... Read More
Silicon Valley's commercial real estate boom is expected to continue throughout 2013, according to a forecast released by a Bay Area commercial real estate firm. Cornish & Carey Newmark Knight Frank recently presented its annual forecast in Santa Clara, and company CEO Charles Seufferlein is optimistic about this year's... Read More
Broadcasters and media companies seem to have become disenchanted with the capital city recently, preferring Media City in Salford Quays to London bases. Since the conception of Media City, broadcasting groups and journalism collectives such as the BBC and Channel 4 have rushed to bid on increasingly large areas of the property, with the... Read More
But will rise in output last? The unexpected rise in UK manufacturing reported recently has had a beneficial effect on the commercial property market according to Coventry based consultants D&P Holt. UK factory production rose to a 15 month high in December while new orders rose at the fastest pace since the spring of 2011. This... Read More
Last year, cosmetics chain Lush came under fire from various sources for a display they chose to put on in the window of a busy London store. The “shock piece” involved a volunteer being put through several ordeals common in animal testing labs and included graphic scenes of cruelty which shocked many passers-by. The display was staged... Read More
A new report released by Jones Lang LaSalle has revealed that investors are eager to put more capital into the commercial real estate market. The Asia Pacific market is an especially active one and the company estimates that by the year 2030 direct commercial real estate transactions will reach the $1 trillion per annum level. In 2012,... Read More
An office building right in the heart of Leeds, which has stood empty for a number of years, may be transformed into a hotel, the owners have revealed. The building in question, named City House, is located next to the train station in Leeds and is an excellent location for commuters and tourists visiting the city. City House was... Read More
Business Secretary Vince Cable has at last responded to calls from industry representatives to examine the benefits of freezing or lowering business rates on commercial property after learning that bill payers don’t believe they will benefit from the upcoming delay in revaluation. Mr Cable has announced that he will seriously look... Read More
Small retailers face finding themselves thousands of pounds out of pocket defending themselves against accident claims, even when they are found not to be at fault. The warning comes from commercial property consultants Cushman and Wakefield as new laws come into effect limiting the costs of legal aid. The situation has arisen due to... Read More
Britannia may have ruled the waves, but it will not be ruling the high street anymore. The Co-operative, which owns Britannia have announced that all their stores will be rebranded as The Co-operative over the next 12 months. The rebranding will have no immediate impact on Stoke City's Britannia Stadium The move will also see 37... Read More
With no change in Britain’s economic outlook, the looming threat of a triple dip recession is becoming increasingly likely. Three retail administrations within the first month of 2013 have added greatly to these fears, as it suggests that yet more retailers could be in danger of administration should the financial situation take a further... Read More
Despite difficult economic conditions the Leicestershire commercial property market held firm last year, raising expectations for 2013. The forecast comes following a gathering of property professionals to appraise the state of the market and assess the prospects for the coming year, the Leicester Mercury reports. The Innes England... Read More
In July 2014 the Tour de France will come to Yorkshire, the country’s largest county, having only previously visited the south of England in the past. This will be the time for the North of England to shine. The race will begin in Leeds on 5th July and cyclers will ride 190KM to Harrogate. On the 6th July the race will continue from... Read More
The results of the Emerging Trends in Real Estate Europe 2013 have been released and German cities are the favored location for commercial property investors in Europe. The report, which was prepared by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) provides ranks for 27 European cities. The rankings are based on the... Read More
The Green Deal, which comes into force today, is a package of measures introduced by the government to help it reach its carbon reduction targets. It is designed to enable owners or occupiers of residential and commercial property to make energy-saving improvements without having to pay up-front. These improvements range from simple... Read More
Over the past few years, austerity measures and consumer cutbacks have made life difficult for many businesses across the UK. With firms buckling under the financial pressure of surviving through almost four years of recession employers and employees alike will be understandably concerned about should the economy take a further turn for the... Read More
Rival supermarket chains Morrisons, Tesco and Sainsbury’s are reported to be among the retailers considering snapping up HMV properties to expand their profitable convenience store ventures. HMV has some prime high street properties Hilco took effective control of HMV last week when it acquired the company’s £176 million debt, but... Read More
Despairing shoppers of the UK take note – there is actually an easy way to shop at IKEA! Rather than steeling yourself for a day-long trail around a store with a layout so confusing that hiring a guide is advisable, simply follow Movehut’s steps for a relatively pain free few hours of finding the perfect home furnishings. Much like... Read More
Commercial real estate transactions in North East Ohio were up by almost 73 per cent to $702 million in 2012. Last year's figures were so impressive that it was the most successful showing since 2007. These numbers were the result of a sales survey conducted by Alec Pacella, a vice president of the NAI Daus real estate brokerage. In... Read More
Smartphone technology has become a staple in the lifestyle of the UK’s busy workers, with employees using their iPhone, Samsung Galaxy or Nexus to do everything from checking emails to ordering in their lunch. And yet there is one aspect of smartphone capability which has not quite caught on in the UK – using a mobile to pay for... Read More
